Norfolk Southern
1,627 hedge funds and large institutions have $43.1B invested in Norfolk Southern in 2024 Q1 according to their latest regulatory filings, with 147 funds opening new positions, 507 increasing their positions, 590 reducing their positions, and 80 closing their positions.
84% more first-time investments, than exits
New positions opened: 147 | Existing positions closed: 80
6% more capital invested
Capital invested by funds: $40.7B → $43.1B (+$2.49B)
3% more funds holding
Funds holding: 1,583 → 1,627 (+44)
7% more call options, than puts
Call options by funds: $359M | Put options by funds: $336M
1.09% less ownership
Funds ownership: 76.14% → 75.05% (-1.1%)
14% less repeat investments, than reductions
Existing positions increased: 507 | Existing positions reduced: 590
14% less funds holding in top 10
Funds holding in top 10: 21 → 18 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$437M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$269M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$236M |
| 4 |
Cohen & Steers
New York
|
+$150M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$124M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.01B |
| 2 |
Morgan Stanley
New York
|
-$590M |
| 3 |
Lazard Asset Management
New York
|
-$559M |
| 4 |
AIP
Atlas Infrastructure Partners
London,
United Kingdom
|
-$248M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$136M |
NSC Hedge Fund Activity: Q1 2024 in Review
1,627 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q1 2024, worth a combined $43.1B — up 6.1% from $40.7B a quarter earlier.
Buyers outnumbered sellers: 147 funds opened new NSC positions and 80 closed out — a net gain of 67 holders — while 507 added to existing stakes and 590 trimmed.
The largest buyer was Boston Partners, adding an estimated $437M. The largest seller was JP Morgan Chase, cutting an estimated $1.01B.
- 1,627 institutional investors held Norfolk Southern (NSC) as of Q1 2024, up from 1,583 in Q4 2023.
- Funds reported $43.1B of Norfolk Southern stock for Q1 2024, up 6.1% quarter-over-quarter.
- 147 funds opened new Norfolk Southern positions in Q1 2024 and 80 closed out, a net change of +67 holders.
- The largest Norfolk Southern buyer in Q1 2024 was Boston Partners, an estimated $437M added.
- The largest Norfolk Southern seller in Q1 2024 was JP Morgan Chase, an estimated $1.01B sold.
Based on aggregated 13F filings for Q1 2024.